Civic Intelligence

Westlake Academy Foundation

990 • Fiscal year 2021 • EIN 20-0033926

Sep 01, 2020 to Aug 31, 2021 • Filed on Jun 20, 2022

Organization ProfileWESTLAKEACADEMYFOUNDATION.ORG
2600 Jt Ottinger RoadWestlake, TX 76262

(817) 490-5722

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

54th percentile

15%

Higher net margin than 54% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

85th percentile

$154,359

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

69th percentile

21%

Faster asset growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

22nd percentile

-8.2%

Faster revenue growth than 22% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$3,244,083

Up $566,112 (+21%) from 2020

Net Assets

Up

$3,236,483

Up $566,922 (+21%) from 2020

Liabilities

Down

$7,600

Down $810 (-9.6%) from 2020

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin54th percentile

Revenue

Down

$1,490,806

Down $132,954 (-8.2%) from 2020

Expenses

Down

$1,274,358

Down $132,842 (-9.4%) from 2020

Net Income

Down

$216,448

Down $112 (-0.1%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,012,131Liabilities 2011: $8,791Net Assets 2011: $1,003,3402011Assets 2012: $1,366,114Liabilities 2012: $104,598Net Assets 2012: $1,261,5162012Assets 2013: $1,397,787Liabilities 2013: $19,328Net Assets 2013: $1,378,4592013Assets 2014: $1,595,428Liabilities 2014: $18,252Net Assets 2014: $1,577,1762014Assets 2015: $1,599,765Liabilities 2015: $18,308Net Assets 2015: $1,581,4572015Assets 2016: $1,695,889Liabilities 2016: $10,404Net Assets 2016: $1,685,4852016Assets 2017: $1,955,950Liabilities 2017: $275Net Assets 2017: $1,955,6752017Assets 2018: $2,558,219Liabilities 2018: $387,862Net Assets 2018: $2,170,3572018Assets 2019: $2,380,643Liabilities 2019: $0Net Assets 2019: $2,380,6432019Assets 2020: $2,677,971Liabilities 2020: $8,410Net Assets 2020: $2,669,5612020Assets 2021: $3,244,083Liabilities 2021: $7,600Net Assets 2021: $3,236,4832021Assets 2022: $2,748,901Liabilities 2022: $6,895Net Assets 2022: $2,742,0062022Assets 2023: $3,284,208Liabilities 2023: $181,144Net Assets 2023: $3,103,0642023Assets 2024: $3,178,246Liabilities 2024: $33,898Net Assets 2024: $3,144,3482024

Highlighted filing

2021

Assets$3,244,083
Liabilities$7,600
Net Assets$3,236,483
Open 2021 Filing

Operations Trend

Revenue Growth22nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $997,386Expenses 2011: $783,349Net Income 2011: $214,0372011Revenue 2012: $1,414,264Expenses 2012: $1,150,038Net Income 2012: $264,2262012Revenue 2013: $1,041,758Expenses 2013: $971,686Net Income 2013: $70,0722013Revenue 2014: $1,360,861Expenses 2014: $1,152,187Net Income 2014: $208,6742014Revenue 2015: $1,370,153Expenses 2015: $1,317,407Net Income 2015: $52,7462015Revenue 2016: $1,276,355Expenses 2016: $1,218,489Net Income 2016: $57,8662016Revenue 2017: $1,633,778Expenses 2017: $1,373,324Net Income 2017: $260,4542017Revenue 2018: $1,658,268Expenses 2018: $1,544,483Net Income 2018: $113,7852018Revenue 2019: $1,761,972Expenses 2019: $1,489,130Net Income 2019: $272,8422019Revenue 2020: $1,623,760Expenses 2020: $1,407,200Net Income 2020: $216,5602020Revenue 2021: $1,490,806Expenses 2021: $1,274,358Net Income 2021: $216,4482021Revenue 2022: $2,338,496Expenses 2022: $2,335,632Net Income 2022: $2,8642022Revenue 2023: $1,827,657Expenses 2023: $1,609,044Net Income 2023: $218,6132023Revenue 2024: $1,452,100Expenses 2024: $1,566,439Net Income 2024: -$114,3392024

Highlighted filing

2021

Revenue$1,490,806
Expenses$1,274,358
Net Income$216,448
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jun 20, 2022
Return Version
2020v4.2
Gross Receipts
$2,290,183
Mission and Program Overview

Mission

To provide financial support for westlake academy in its efforts to achieve academic excellence in developing responsible, global, lifelong learners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,927,540$2,444,910▲ $517,370
Savings and Temporary Cash Investments$744,789$799,173▲ $54,384
Investments Other Securities$5,642--
Total Assets$2,677,971$3,244,083▲ $566,112
Liabilities
Accounts Payable and Accrued Expenses$8,410$7,600▼ $810
Total Liabilities$8,410$7,600▼ $810
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,371,259$2,877,603▲ $506,344
Net Assets With Donor Restrictions$298,302$358,880▲ $60,578
Total Net Assets Fund Balance$2,669,561$3,236,483▲ $566,922
Total Liabilities and Net Assets / Fund Balance$2,677,971$3,244,083▲ $566,112

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$2,021,775$64,634▲ $437,962-$2,499,994
2019$1,865,084$25,903▲ $153,125-$2,021,775
2018$1,827,173$32,210▲ $22,761-$1,865,084
2017$1,649,922$33,692▲ $169,835-$1,827,173
2016$1,383,156$235,991▲ $45,728-$1,649,922
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Dr Shelly MyersExecutive DirectorFT$112,542$112,542

Board Members and Trustees

NameTitle
Christine RossPresident
Leah RennhackVice President
Debbie KraskaDirector
Dr Ahu SiegDirector
Laura LuckettDirector
Lindsay McgrathDirector
Meghan DorrDirector
Michael ColbyDirector
Robert AndersonDirector
Ginger AwtryDirector of Finance
Wendy GreenwoodSecretary
Sean ShopeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,431,043
Program Service Revenue
$0
Investment Income
$127,006
Other Revenue
$-67,243
All Other Contributions
$989,392
Change in Net Assets
$216,448

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table137$40,292Retail Value
Securities Publicly Traded3$32,510Nyse
Total Noncash Contributions140$72,802-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,490,806
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$449,067
Total Revenue per Audited Statements
$1,939,873
Total Revenue per Form 990
$1,490,806
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,202,419
Other Expenses$71,939
Total Fundraising Expense$8,071
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,202,419--$1,202,419
Office Expenses-$25,054$8,071$33,125
Advertising-$15,901-$15,901
Fees for Services Accounting-$9,900-$9,900
Information Technology-$3,105-$3,105
Conferences and Meetings-$1,152-$1,152
Fees for Services Other-$1,078-$1,078
Other Expenses-$365-$365
Total Functional Expenses$1,202,419$63,868$8,071$1,274,358

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,372,951
Expenses per Audited Statements$1,274,358
Total Expenses per Form 990$1,274,358
Expenses Not Reported on Form 990$98,593
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Westlake AcademyWestlake, TX501(c)(3)Provide Financial Support for Westlake Academy in Its Efforts to Achieve Academic Excellence.$1,202,419
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$98,593
Fundraising Gross Income$31,350
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Westlake Baja$186,261-$21,085-
Gallery Night$286,740$31,350$12,784$18,566
Total Events$473,001$31,350$98,593$-67,243
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the executive director and the finance director prior to being filed. Each board member has the opportunity to see the 990 prior to filing by request.”

Form 990, Part VI, Section C, Line 19

“The organization maintains a copy of its governing documents, policies and financial statements and each is available for review upon request along with the public availability of the annual audit report.”

Filing and Contact Details

Filer

Filer Name
Westlake Academy Foundation
EIN
20-0033926
Phone
8174905722
Address
2600 JT OTTINGER ROAD, WESTLAKE, TX 76262

Signing Officer

Name
Ginger R Awtry
Title
Director of Finance
Phone
8174905722
Signed
2022-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Shelly Myers
Formed
2003
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
90

Preparer

Firm
Weaver and Tidwell Llp
Address
2300 N FIELD ST STE 1000, DALLAS, TX 75201
Preparer
Kirby Ross
Phone
9724901970
Supplemental Narrative

Additional Explanations

Part XII, Line 2C Explanation

“No changes to method of accounting or audit committee procedures occurred during the fiscal year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for federal income taxes has been recorded in the accompanying financial statements. The foundation is unaware of any uncertain tax positions as of august 31, 2021 that would be subject to the recognition provision of financial accounting standards board (fasb) accounting standards codification (asc) 740-10, accounting for uncertainty in income taxes." generally, the three prior years remain open for federal income tax examination.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 98,593.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 98,593.”

Raw XML AppendixShowing 400 of 564 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0TO PROVIDE FINANCIAL SUPPORT FOR WESTLAKE ACADEMY IN ITS EFFORTS TO PROVIDE STUDENTS WITH AN INTERNATIONALLY-MINDED EDUCATION OF THE HIGHEST QUALITY, SO THEY ARE WELL-BALANCED AND RESPECTFUL LIFE-LONG LEARNERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02669561
IRS990/NetAssetsOrFundBalancesEOYAmt03236483
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt077082
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt077082
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-67243
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-67243
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0350474
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02371259
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02877603
IRS990/NoncashContributionsAmt072802
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt08071
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025054
IRS990/OfficeExpensesGrp/TotalAmt033125
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc1ADMIN SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05019
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12294
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2365
IRS990/OtherExpensesGrp/TotalAmt05019
IRS990/OtherExpensesGrp/TotalAmt12294
IRS990/OtherExpensesGrp/TotalAmt2365
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DR SHELLY MYERS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01618821
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01346016
IRS990/PYInvestmentIncomeAmt081835
IRS990/PYOtherExpensesAmt061184
IRS990/PYOtherRevenueAmt0-76896
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0216560
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01407200
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01623760
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0216448
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0744789
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0799173
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0989392
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01053311
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01748516
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01666227
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01663163
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07120609
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt049924
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt068073
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt078048
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt055880
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt026945
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0278870
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt031350
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt037150
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt041700
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt044350
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt052670
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0207220
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91940
IRS990ScheduleA/PublicSupportPY170Pct00.94030
IRS990ScheduleA/PublicSupportTotal170Amt06993590
IRS990ScheduleA/SubstantialContributorsTotAmt0127019
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0989392
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01053311
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01748516
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01666227
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01663163
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07120609
IRS990ScheduleA/TotalSupportAmt07606699
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt017887
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02021775
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt064634
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02499994
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt06490
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0437962
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt014509
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01865084
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt025903
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02021775
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt07828
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0153125
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt011154
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01827173
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt032210
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01865084
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt05906
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022761
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt013776
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01649922
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt033692
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01827173
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt012500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0169835
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt012453
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01383156
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0235991
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01649922
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt02500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt045728
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt098593
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01274358
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0350474
IRS990ScheduleD/OtherExpensesIncludedAmt098593
IRS990ScheduleD/OtherRevenueAmt098593
IRS990ScheduleD/RevenueNotReportedAmt0449067
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01490806
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS AS OF AUGUST 31, 2021 THAT WOULD BE SUBJECT TO THE RECOGNITION PROVISION OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." GENERALLY, THE THREE PRIOR YEARS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSE 98,593.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE 98,593.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01274358
IRS990ScheduleD/TotalRevenuePerForm990Amt01490806
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01939873
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01372951
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0441651
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0255390
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0186261
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt098593
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt012400
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt012400
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALLERY NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WESTLAKE BAJA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt042154
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt042154
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0286740
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0186261
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0473001
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt031350
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt031350
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-67243
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt033869
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt012784
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt021085
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt010170
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt010170
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt01202419
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROVIDE FINANCIAL SUPPORT FOR WESTLAKE ACADEMY IN ITS EFFORTS TO ACHIEVE ACADEMIC EXCELLENCE.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WESTLAKE ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0752449357
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02600 JT OTTINGER ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WESTLAKE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd076262
IRS990ScheduleJ/AnyNonFixedPaymentsInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,244,083
Liabilities
$7,600
Net assets
$3,236,483
Revenue
$1,490,806
Expenses
$1,274,358
Net income
$216,448
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$0.03$3.14$1.45$1.57$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$0.18$3.10$1.83$1.61$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.01$2.74$2.34$2.34$0.00
2021Detailed filing. Detailed filing data is available for this year.$3.24$0.01$3.24$1.49$1.27$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$0.01$2.67$1.62$1.41$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$0.00$2.38$1.76$1.49$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.56$0.39$2.17$1.66$1.54$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.00$1.96$1.63$1.37$0.26
2016Detailed filing. Detailed filing data is available for this year.$1.70$0.01$1.69$1.28$1.22$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.60$0.02$1.58$1.37$1.32$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.60$0.02$1.58$1.36$1.15$0.21
2013Summary only. Only limited summary data is available for this year.$1.40$0.02$1.38$1.04$0.97$0.07
2012Summary only. Only limited summary data is available for this year.$1.37$0.10$1.26$1.41$1.15$0.26
2011Summary only. Only limited summary data is available for this year.$1.01$0.01$1.00$1.00$0.78$0.21
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $1M-$5M nonprofits